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Sunday, April 14, 2024

Petroleum dealers call off strike

Pakistan Petroleum Dealers Association (PPDA) decided to cancel their plan to shut down petrol stations.

After productive discussions with the government, the Pakistan Petroleum Dealers Association (PPDA) decided on Sunday to cancel their plan to shut down petrol stations across the entire nation in protest of the government’s refusal to raise their profit margin.

It has been reported by many sources that the government has consented to increase the profit margin of petroleum dealers to Rs. 7 per litre for both high-speed diesel and petrol.

According to PPDA, the government has indicated that they would inform the increased profit margin of petroleum dealers beginning on August 1, 2022.

At the moment, the profit margin that petroleum dealers make on petrol is 4.90 rupees per litre, whereas the profit margin that they make on high-speed diesel is 4.13 rupees per litre.

As a kind of demonstration against the low profit margins, the PPDA had threatened to close all gas stations across the nation on the 18th of July (Monday). A six percent rise in the association’s profit margin was one of the demands that had been made.

According to PPDA, the previous administration brought about a modest increase in the profit margin and assured that there would be yet another increase by the 30th of June, which would bring the margins up to 6 percent.

Read more: Reduction in petroleum prices: public relief or a tactic?

The current government, however, did not follow through on the commitment made by the previous government, which resulted in dealers giving a call for a shutdown that affected the entire nation.

Following discussions with the government, petroleum dealers have decided to call off their planned nationwide strike. The announcement was made on.

Read more: Abolishing petroleum subsidy to avoid default, Miftah